The Central Bank of Russia proposes to introduce a limit on the waste of banks in the development of ecosystems, follows from the report of the regulator. Banks want to prevent indefinitely invest in the so-called immobilized assets (IA), not creating, in contrast to loans, refund claims. Speech, among other things, can also go about investments in operating companies, IT infrastructure, software, non-core property.
Now the banks are increasing investments in the EA, developing their own ecosystems, and this perspective can negatively affect their financial stability and in general on financial stability, the report says. To regulate emerging risks, the Central Bank sees several paths, but the introduction of a limit of 30 percent of total capital considers the most balanced to be the most balanced.
Similar restrictions, believe in the Central Bank, allow banks to “develop new services and invest in an adequate amount, and will also stimulate banks not accumulate IA, but, on the contrary, sell them to release the limit.” Enter the limit is proposed in stages, consistently reducing it for five years.
The report states that the most actively from all Russian banks has been developing their ecosystem now. At the same time, non-financial services occupy a minor share in its operating income, but it is planned to increase from current less than 5 to 20-30 percent. In addition to Sberridge, the Central Bank also allocated the activity of VTB and the Tinkoff Bank, noting that the last “invest relatively little in non-financial companies for the formation of the ecosystem.”
At the same time, the developing ecosystems of banks have advantages over technological companies that also have similar ambitions, the Central Bank notes. So, financial institutions can attract funds to accounts and deposits and have significant information on clients due to mandatory identification.
Ecosystem regulation issues in the Russian market in the Central Bank are not raised for the first time. In April, the Bank of Russia issued a report on the main trends in the development of such integrated organizations and their impact on the economy.
In May, the deputy head of the Central Bank Sergey Shvetsov called on small Russian companies to “bite” ecosystems of large holdings.
In the slash, the activity of which in the field of building an ecosystem noted the Central Bank, in turn, is considered incorrect that a certain “monster” arose on the market, which would be the only choice for consumers. The bank himself said the first deputy chairman of the rule of Lev Hasis, it works in conditions of very tough competition. “Sber, investing in the development of non-banking services, of course, for a second does not forget that it is a bank that must comply with all regulations of liquidity and reliability,” he noted.